The day we have all been waiting for has finally come. The new iPhone was announced yesterday as millions of gadget lovers worldwide were glued to their computers. To everyone’s delight, the new iPhone boasts HSDPA, which mean that the Internet on the new iPhone is twice as fast as on the old. There is also stereo Bluetooth and a speaker phone. On the downside though, the camera is only two mega pixels and there is no video recorder. The device comes in black or white, which is cool, and best of all it is being sold for half the price than it was last year.